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Segment Information and Business and Credit Concentrations
9 Months Ended
Jul. 31, 2013
Segment Information And Business And Credit Concentrations [Abstract]  
Segment Information And Business And Credit Concentrations
Segment Information and Business and Credit Concentrations
The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not-for-profit organizations. Concentration of credit risk with respect to trade receivables is limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of July 31, 2013 and October 31, 2012 have been adequately provided for in the condensed consolidated financial statements.
For the three months ended July 31, 2013, 10.6% of consolidated net sales were attributable to one customer. For the three months ended July 31, 2012, 17.6% of consolidated net sales were attributable to another customer. No single customer accounted for more than 10% of the Company's consolidated net sales during the nine months ended July 31, 2013. For the nine months ended July 31, 2012, 12.2% of consolidated net sales were attributable to one customer.
For the nine months ended July 31, 2013 and 2012, approximately 70% and 73%, respectively, of consolidated net sales were from customers in the United States, and approximately 30% and 27%, respectively, were from customers outside of the United States.
The Company has a single reportable segment for purposes of segment reporting, exclusive of Centric Solutions LLC (“Centric Solutions”). For the three months and nine months ended July 31, 2013, Centric Solutions generated revenues, net of intercompany sales, totaling $331,753 and $1,209,079, respectively, and operating losses of $82,890 and $22,970, respectively. For the three months and nine months ended July 31, 2012, Centric Solutions generated revenues, net of intercompany sales, totaling $729,236 and $1,548,697, respectively. For the three months ended July 31, 2012, Centric Solutions reported operating income of $20,677. For the nine months ended July 31, 2012, Centric Solutions incurred operating losses of $319,875. Total assets of Centric Solutions of approximately $393,000 (net of intercompany amounts) are included in the total consolidated assets of the Company as of July 31, 2013.